A Look at the U.S. SAFE WEB Law
During 2004, 56% of spam and phishing attempts used proxies and servers located outside the U.S. (termed as cross-border scams). Cross-border scams have two negative effects on consumers and companies: monetary loss and declining confidence in the global trade. Between 2004 and 2005, CSO Online states that U.S. computer users endured a record loss of $929 million, while U.S. businesses posted an estimated $2 billion in losses [1].
With this in mind, the U.S. Federal Trade Commission (FTC) endorsed to U.S. Congress in 2005 the Undertaking Spam, Spyware, And Fraud Enforcement With Enforcers across Borders (US SAFE WEB) Act [2]. Although the FTC proposal primarily aimed to protect U.S. consumers anywhere in the world from online fraud, it also helps foreign countries address cyber crime involving spam, spyware, and phishing.
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